Tag: Markets

Crypto Markets eye US Employment Data to help Bitcoin Push to $40k – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin was largely unaffected by the S&P 500 yesterday, which dropped 2.44%. This shows significant resilience from Bitcoin. On-chain analyst Willy Woo noted that “Price in relation to on-chain demand from both speculative and HODL category of investors are now both at peak oversold levels.” He said, “the last time this happened was in October 2020. The time before that was at the bottom of the COVID crash. It also happened in January 2015 (the bottom of the 2014 bear market…

Colombian Tax Authority Tightens Control Over Cryptocurrency Usage – Emerging Markets Bitcoin News

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The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax evasion in the country. Colombian Tax Authority Targets Tax Evaders The Colombian tax authority, called the DIAN, has announced that its next target is cryptocurrency-utilizing tax evaders. According to a PR statement released…

Bullish or Bearish? 2022 Markets Started Rough, but It Wasn’t Just Crypto

CryptoX – Cryptocurrency Analysis and News Portal Today on “The Breakdown,” NLW looks at what the first month of the year taught us about what to expect in 2022. Overall, he argues that the most important megatrend was the shift from risk-off to risk-on as the U.S. Federal Reserve looks towards quantitative tightening later in the year.  He looks at: Original Source The post Bullish or Bearish? 2022 Markets Started Rough, but It Wasn’t Just Crypto appeared first on CryptoX. CryptoX Portal

GameFi Faces Regulatory Headwinds in Major Asian Markets

In the first few weeks of the year, a considerable amount of capital was allocated to investment pools looking for the next big thing in GameFi — the collision of crypto and gaming. In January, FTX established a $2 billion fund to target gaming; shortly after Singapore’s Crypto.com Ventures upped its $200 million fund to $500 million saying that gaming was one of the investment themes it planned to double down on. This enthusiasm that crypto investors have for gaming is matched by executives at some of the gaming industry’s…

Ark Invest Expects Bitcoin to Exceed $1 Million by 2030 — Says BTC Could Transform Monetary History – Markets and Prices Bitcoin News

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Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way,” Ark’s analyst added. Bitcoin’s $1 Million Prediction by Ark Invest In Ark Invest’s “Big Ideas 2022” report published last week, the firm’s analyst Yassine Elmandjra explained that “As bitcoin’s market capitalization hit an all-time high in 2021, Ark’s research indicated that its network fundamentals remained…

Central Bank Governor Says Kenya’s Position on Cryptocurrencies Has Not Changed – Emerging Markets Bitcoin News

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Kenya’s position on cryptocurrencies is still unchanged the governor of the Central Bank of Kenya (CBK), Patrick Njoroge has said. Njoroge latest remarks come as Kenya continues to cement its position as one of the countries on the African continent that has the highest adoption of cryptocurrencies. CBK’s New Stance of Cryptocurrencies to Be Unveiled Soon The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has said Kenya’s stance on cryptocurrencies remains unchanged. Njoroge, who made the comments soon after the CBK’s monetary policy announcement, revealed however that…

Ray Dalio discusses investing in crypto, bitcoin and ethereum

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #RayDalio #bitcoin #ethereum Co-Chief Investment Officer & Chairman of Bridgewater Associates, Ray Dalio spoke with Yahoo Finance’s Editor-in-Chief Andy Serwer about investing in cryptocurrencies. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.…

Bitcoin Moves Higher as Crypto Markets Rebound on Saturday – Market Updates Bitcoin News

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Following two consecutive days of losses, bitcoin and ethereum both rebounded strongly to start the weekend. Crypto markets were trading close to 5% higher on Saturday. Bitcoin The world’s largest cryptocurrency regained some upward momentum on Saturday, as bitcoin bulls appeared to have re-entered the race. BTC/USD rose to an intraday high of $37,952.88 on Saturday, following a low of $36,211.11 earlier in the session. Today’s rally comes as bitcoin appears to have broken above the key RSI level of 30, and now tracks north of 35 on the indicator.…